Highwoods Properties Inc (HIW): Today's Featured Financial Laggard

Highwoods Properties was a leading decliner within the financial sector, falling $0.71 (-2.0%) to $35.60 on heavy volume

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Highwoods Properties ( HIW) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Highwoods Properties fell $0.71 (-2.0%) to $35.60 on heavy volume. Throughout the day, 3,115,704 shares of Highwoods Properties exchanged hands as compared to its average daily volume of 990,300 shares. The stock ranged in price between $35.34-$35.79 after having opened the day at $35.54 as compared to the previous trading day's close of $36.31. Other companies within the Financial sector that declined today were: Tower Group ( TWGP), down 24.1%, Walker & Dunlop ( WD), down 15.2%, Credit Suisse ( DSLV), down 11.9% and CorEnergy Infrastructure ( CORR), down 10.3%.

Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. Highwoods Properties has a market cap of $3.1 billion and is part of the real estate industry. Shares are up 8.6% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Highwoods Properties a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Highwoods Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.